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Crypto firm, Coinbase in Bangalore to venture into India market


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A renowned crypto firm, identified as Coinbase recently announced the plan to launch a crypto community event in Bangalore. The event, which according to a blog post on the official website of Coinbase holds April 7. Accordingly, Coinbase intends to discuss and explore the potential future of digital assets in India. The renowned exchange believes crypto remains the most productive tool likely to promote their intent geared towards enhancing worldwide economic freedom.

However, Coinbase reinstates the need for the usage of crypto to become very easy for everyone irrespective of their geographical location across the world. This according to the exchange possesses the capacity to help the virtual assets reach their potential. As things stand, the crypto firm plans to locate one of their offices in India. The crypto firm feels India possesses a huge identity and virtual payment mechanism and its execution in recent times gets accelerated at a rapid scale.

According to Coinbase, crypto, and web 3 technology, coupled with India’s proficient software skills possess the tendency to promote economic and financial inclusion goals in India. The exchange intends to host many special guests, particularly apologists of the digital economy. Intending participants are however urged to register for the community event here.

Coinbase ventures partners Builders Tribe

In addition, an investment organ of Coinbase, identified as Coinbase ventures recently partnered with Builders Tribe. The partnership intends to bring about the initiation of a startup pitch event, scheduled to hold on April 8, 2022. The crypto firm, however, urges interested persons to get details of the event and apply through their website. As of now, Coinbase ventures already invested about $150 million in local crypto and web3 space technology companies in India. More so, the investment arm of Coinbase remains committed to realizing fresh opportunities to enhance the founders scale in India.

Recall that the technological hub of India’s coinbase manifested last year. Now, the tech hub possesses about 300 full-time workers across the length and breadth of India’s state. The crypto exchange has continued to dabble into the evolving software talent in the country. According to Coinbase, such investment developed their products which thus serves as an encouragement for heavier investment in the India hub. Now, the crypto firm intends to employ over 1,000 workforces in the India hub in 2022.
Coinbase sees India as a magical center, possessing a robust crypto future. The exchange reiterates its commitment to investing heavily in the development of crypto and web 3 in the country.

David Idowu
David Idowu
David Idowu is a crypto reporter and trader with wealthy years of experience. He believes that blockchain technology has numerous opportunities that are begging for proper utilization. Away from work, David is either reading about World Politics, History or Tech Innovations.

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